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WO2008121389A3 - Banking transaction processing system - Google Patents

Banking transaction processing system Download PDF

Info

Publication number
WO2008121389A3
WO2008121389A3 PCT/US2008/004170 US2008004170W WO2008121389A3 WO 2008121389 A3 WO2008121389 A3 WO 2008121389A3 US 2008004170 W US2008004170 W US 2008004170W WO 2008121389 A3 WO2008121389 A3 WO 2008121389A3
Authority
WO
WIPO (PCT)
Prior art keywords
authorization
transaction processing
banking transaction
processing system
codes
Prior art date
Application number
PCT/US2008/004170
Other languages
French (fr)
Other versions
WO2008121389A2 (en
Inventor
Oved Dror
Original Assignee
Synccode Llc
Oved Dror
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Synccode Llc, Oved Dror filed Critical Synccode Llc
Publication of WO2008121389A2 publication Critical patent/WO2008121389A2/en
Publication of WO2008121389A3 publication Critical patent/WO2008121389A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/12—Payment architectures specially adapted for electronic shopping systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
    • G06Q20/367—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
    • G06Q20/367—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes
    • G06Q20/3674—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes involving electronic purses or money safes involving authentication
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/382—Payment protocols; Details thereof insuring higher security of transaction
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/385—Payment protocols; Details thereof using an alias or single-use codes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4015—Transaction verification using location information
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Landscapes

  • Business, Economics & Management (AREA)
  • Accounting & Taxation (AREA)
  • Engineering & Computer Science (AREA)
  • Finance (AREA)
  • General Physics & Mathematics (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • Theoretical Computer Science (AREA)
  • Computer Security & Cryptography (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Development Economics (AREA)
  • Economics (AREA)
  • Marketing (AREA)
  • Technology Law (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

Banking transaction processing apparatus and methods are disclosed. In one general aspect, a banking transaction processing method includes accessing a first authorization code from a first device, such as a credit card, and a second authorization code from a second device, such as a portable phone, at a merchant location, These codes are provided to an authorization module at the merchant location, and a relationship between the first and second authorization codes is evaluated. A transaction authorization indication can then be provided from the authorization module for an in-person transaction with the merchant.
PCT/US2008/004170 2007-03-31 2008-03-31 Banking transaction processing system WO2008121389A2 (en)

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US90945307P 2007-03-31 2007-03-31
US60/909,453 2007-03-31
US91399507P 2007-04-25 2007-04-25
US60/913,995 2007-04-25

Publications (2)

Publication Number Publication Date
WO2008121389A2 WO2008121389A2 (en) 2008-10-09
WO2008121389A3 true WO2008121389A3 (en) 2008-12-24

Family

ID=39808836

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2008/004170 WO2008121389A2 (en) 2007-03-31 2008-03-31 Banking transaction processing system

Country Status (2)

Country Link
US (1) US8205793B2 (en)
WO (1) WO2008121389A2 (en)

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DE102004044454A1 (en) * 2004-09-14 2006-03-30 Giesecke & Devrient Gmbh Portable device for unlocking an access
US9185123B2 (en) 2008-02-12 2015-11-10 Finsphere Corporation System and method for mobile identity protection for online user authentication
US8121956B2 (en) * 2007-06-25 2012-02-21 Visa U.S.A. Inc. Cardless challenge systems and methods
US9747598B2 (en) 2007-10-02 2017-08-29 Iii Holdings 1, Llc Dynamic security code push
US20140067674A1 (en) * 2012-09-06 2014-03-06 American Express Travel Related Services Company, Inc. Smartphone barcode transactions
BRPI0921124A2 (en) 2008-11-06 2016-09-13 Visa Int Service Ass system for authenticating a consumer, computer implemented method, computer readable medium, and server computer.
DE102009040027A1 (en) * 2009-09-03 2011-03-10 Giesecke & Devrient Gmbh Method and system for activating a portable data carrier
CA2832545C (en) * 2010-02-19 2018-10-16 Finsphere Corporation System and method for financial transaction authentication using travel information
EP3449448A4 (en) * 2016-04-25 2019-11-13 Visa International Service Association System for vision impaired users to execute electronic transactions
US10664839B2 (en) * 2016-09-21 2020-05-26 Mastercard International Incorporated Method and system for authorization of multiple transactions using a single authentication process
CN107609873B (en) 2017-09-08 2020-07-14 阿里巴巴集团控股有限公司 Code scanning safety verification method and device

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KR19990037750A (en) * 1999-01-12 1999-05-25 강형자 Communication terminal apparatus embedded the function generating One Time Password based on the challenge/response
WO2003083793A2 (en) * 2002-04-03 2003-10-09 Swivel Secure Limited System and method for secure credit and debit card transactions
KR20040083272A (en) * 2003-03-21 2004-10-01 (주)뱅크타운 Method and System for Authentication of User on Web and/or Wireless Network by Using Mobile Terminal Loaded a Challenge/Response Based Mobile One-Time Password Module
US20060253389A1 (en) * 2005-05-03 2006-11-09 Hagale Anthony R Method and system for securing card payment transactions using a mobile communication device
JP2007025907A (en) * 2005-07-13 2007-02-01 Hitachi Software Eng Co Ltd Authentication system and authentication method

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US5745554A (en) * 1996-07-18 1998-04-28 Impact With Quality, Inc. Systems for requesting services using card reading terminals
JPH11110461A (en) * 1997-10-01 1999-04-23 Fujitsu Ltd Electronic wallet system with double wallet, IC card applied to the electronic wallet system, IC card transaction device with double wallet, IC card transaction system with double wallet, and IC applied to the IC card transaction system card
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Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
KR19990037750A (en) * 1999-01-12 1999-05-25 강형자 Communication terminal apparatus embedded the function generating One Time Password based on the challenge/response
WO2003083793A2 (en) * 2002-04-03 2003-10-09 Swivel Secure Limited System and method for secure credit and debit card transactions
KR20040083272A (en) * 2003-03-21 2004-10-01 (주)뱅크타운 Method and System for Authentication of User on Web and/or Wireless Network by Using Mobile Terminal Loaded a Challenge/Response Based Mobile One-Time Password Module
US20060253389A1 (en) * 2005-05-03 2006-11-09 Hagale Anthony R Method and system for securing card payment transactions using a mobile communication device
JP2007025907A (en) * 2005-07-13 2007-02-01 Hitachi Software Eng Co Ltd Authentication system and authentication method

Also Published As

Publication number Publication date
US20080257959A1 (en) 2008-10-23
WO2008121389A2 (en) 2008-10-09
US8205793B2 (en) 2012-06-26

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